Episode #248 - Asset Management Mastery with Tim Chui

Joining Gary on the show today is Break of Day Capital's Director of Asset Management, Tim Chui. With over a decade of experience in institutional real estate, Tim Chui has held senior roles at leading firms including JRK Properties, Essex Property Trust, and American Realty Advisors. He began his career analyzing equity and fixed income opportunities before moving into acquisitions, portfolio management, and asset management. Tim has overseen 54 multifamily assets across Southern California totaling more than 12,000 units and $5 billion in value, and has successfully navigated complex, over-leveraged portfolios through challenging market cycles. In today’s conversation, Tim shares what first drew him to the asset management space, the path that led him to his current role, and the skill set needed to excel in the field. He opens up about the toughest property he’s ever managed, the lessons learned, and his proudest accomplishments to date. They also dive into the tools and metrics that drive effective asset management, the industry’s evolving landscape, and where Tim believes the future of asset management is headed. Thanks for tuning in!

Key Points From This Episode:

• Introduction to today’s guest and topic of conversation.
• What first grabbed Tim’s interest in the asset management space.
• The path to becoming an asset manager.
• Tim breaks down the basic skillset required in asset management. 
• He shares about the hardest property he’s ever had to asset manage.
• What he learned from his most challenging property.
• His biggest accomplishment so far, in the asset management space.
• Tim sheds light on some of the biggest challenges he faces. 
• Asset management tools and resources Tim can’t live without. 
• A typical day as an asset manager; from Tim’s perspective. 
• What he hopes to achieve when visiting properties on a monthly basis.
• Key metrics he focuses on.
• Tim shares his thoughts on the changes he’s witness and where the industry is heading. 

Links Mentioned in Today’s Episode:

Tim Chui on LinkedIn

EliseAI

Asset Management Mastery Facebook Group
Invest Smart

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

🙏 Special thanks to our sponsor, Bromley Palamountain of Northwestern Mutual — helping professionals and business owners build financial plans that support long-term freedom. To book your complimentary consultation, click the link.